Howmet Aerospace Inc. $HWM Shares Bought by Comerica Bank

Key Points

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Comerica Bank grew its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 87.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,227 shares of the company's stock after purchasing an additional 61,624 shares during the period. Comerica Bank's holdings in Howmet Aerospace were worth $17,154,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. ICONIQ Capital LLC acquired a new position in shares of Howmet Aerospace in the first quarter valued at about $312,000. Quantitative Investment Management LLC lifted its stake in shares of Howmet Aerospace by 60.3% in the 1st quarter. Quantitative Investment Management LLC now owns 14,797 shares of the company's stock valued at $1,919,000 after purchasing an additional 5,567 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Howmet Aerospace by 44.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,327 shares of the company's stock worth $432,000 after acquiring an additional 1,022 shares in the last quarter. Groupe la Francaise boosted its stake in shares of Howmet Aerospace by 25.9% during the 1st quarter. Groupe la Francaise now owns 81,570 shares of the company's stock worth $10,802,000 after acquiring an additional 16,793 shares in the last quarter. Finally, AlphaQuest LLC increased its position in shares of Howmet Aerospace by 188.2% in the first quarter. AlphaQuest LLC now owns 3,571 shares of the company's stock valued at $463,000 after buying an additional 2,332 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HWM has been the subject of several research reports. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Truist Financial lifted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Barclays reaffirmed an "overweight" rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Stock Down 1.1%

NYSE HWM traded down $1.98 during trading hours on Friday, hitting $174.18. 1,665,671 shares of the company were exchanged, compared to its average volume of 2,561,737. The company has a 50 day moving average of $180.29 and a two-hundred day moving average of $156.21. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 52-week low of $90.71 and a 52-week high of $193.26. The firm has a market cap of $70.22 billion, a price-to-earnings ratio of 50.93, a PEG ratio of 2.25 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.Howmet Aerospace's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 EPS. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's payout ratio is presently 14.04%.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.